{"id":64324,"date":"2023-09-22T17:59:07","date_gmt":"2023-09-22T21:59:07","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/the-upside-to-slumping-home-prices\/"},"modified":"2023-09-22T17:59:12","modified_gmt":"2023-09-22T21:59:12","slug":"the-upside-to-slumping-home-prices","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=64324","title":{"rendered":"The Upside to Slumping Home Prices"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-PENTAB-0000034226\">\n<p>Slumping home prices in the wake of high mortgage rates has a notable upside: It\u2019s helping to correct housing market imbalances in major cities globally and move markets away from bubble territory, according to a report Wednesday from investment bank and financial services company UBS.<\/p>\n<p>The company\u2019s annual Global Real Estate Bubble Index analyzed the housing markets of 25 global financial centers and found just two at risk of a bubble: Zurich and Tokyo. In those two cities, property prices have continued on an upward swing, the report said.<\/p>\n<div class=\"paywall\">\n<p>In comparison, nine cities were in the bubble risk zone a year ago.<\/p>\n<p>The term \u201cbubble\u201d refers to a \u201csubstantial and sustained mispricing of an asset, the existence of which cannot be proved unless it bursts,\u201d according to UBS.\u00a0<\/p>\n<p>Cities in the bubble-risk zone last year, Toronto, Frankfurt, Munich, Hong Kong, Vancouver, Amsterdam and Tel Aviv, are now merely considered \u201covervalued.\u201d They join the housing markets in Miami, Geneva, Los Angeles, London, Stockholm, Paris and Sydney, which continue to be overvalued.\u00a0<\/p>\n<p><strong>More<\/strong>: International Debt Relief Can Save Children\u2019s Lives<\/p>\n<p>\u201cIn inflation-adjusted terms, prices are actually 5% lower now than in mid-2022,\u201d said Claudio Saputelli, head of real estate at the firm\u2019s Global Wealth Management\u2019s Chief Investment Office. \u201cOn average, the cities lost most of the real price gains made during the pandemic and are now close to mid-2020 levels again.\u201d<\/p>\n<p>Most of the cities analyzed have seen property price drops during the last four quarters, but in the cities that have been categorized as a bubble risk within the last three years, property prices have declined more significantly, by 10% on average, the index said.\u00a0<\/p>\n<p>In Frankfurt and Toronto, for example, the two cities with the highest risk scores in last year\u2019s index, prices tumbled by 15% over the last year.\u00a0<\/p>\n<p>New York, Boston, San Francisco and Madrid meanwhile are now fairly valued, as are Milan, S\u00e3o Paulo, Brazil and Warsaw. Singapore and Dubai are fairly valued as well, \u201ceven though their reputation as geopolitical safe-havens has recently triggered a surge in demand for both renting and buying there,\u201d the report said.\u00a0<\/p>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:56.285714285714285%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\"><\/div>\n<\/figure><\/div>\n<p><em>This article\u00a0<\/em><em>originally<\/em><em>\u00a0appeared on Mansion Global.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/the-upside-to-slumping-home-prices-2dc043db?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Slumping home prices in the wake of high mortgage rates has a notable upside: It\u2019s helping to correct housing market imbalances in major cities globally and move markets away from bubble territory, according to a report Wednesday from investment bank and financial services company UBS. The company\u2019s annual Global Real Estate Bubble Index analyzed the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":64325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-64324","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Upside to Slumping Home Prices | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Slumping home prices in the wake of high mortgage rates has a notable upside: It\u2019s helping to correct housing market imbalances in major cities globally\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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